AGNC Investment (NASDAQ:AGNC) Shares Up 1.1%

AGNC Investment Corp. (NASDAQ:AGNC)’s share price traded up 1.1% on Monday . The company traded as high as $10.47 and last traded at $10.46. 6,255,856 shares were traded during mid-day trading, a decline of 50% from the average session volume of 12,512,979 shares. The stock had previously closed at $10.35.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Maxim Group lowered AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Compass Point boosted their target price on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their price target on AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.13.

AGNC Investment Trading Up 1.4 %

The stock’s fifty day moving average price is $10.14 and its 200 day moving average price is $9.79. The stock has a market capitalization of $7.63 billion, a P/E ratio of 11.49 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $695.00 million for the quarter, compared to analyst estimates of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The firm’s quarterly revenue was up 52.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 EPS. Research analysts forecast that AGNC Investment Corp. will post 2.11 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a aug 24 dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a dividend yield of 14.5%. AGNC Investment’s dividend payout ratio (DPR) is 158.24%.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $10.07, for a total transaction of $50,350.00. Following the transaction, the chief financial officer now directly owns 298,182 shares of the company’s stock, valued at $3,002,692.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.52% of the stock is owned by insiders.

Hedge Funds Weigh In On AGNC Investment

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new position in AGNC Investment in the 2nd quarter valued at $31,000. Northwestern Mutual Wealth Management Co. raised its position in shares of AGNC Investment by 52.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,255 shares during the last quarter. LRI Investments LLC purchased a new position in shares of AGNC Investment in the first quarter worth about $38,000. Verity & Verity LLC acquired a new position in AGNC Investment during the first quarter worth about $45,000. Finally, Quarry LP grew its stake in AGNC Investment by 75.6% during the 2nd quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 2,275 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

About AGNC Investment

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).